|
Loan Policies |
|
· Applicants must have regular shares on deposit equal to 10% of the loan or $200.00, whichever is less, before the loan may be disbursed. · Loans are available to a member immediately upon joining. · SIGNATURE LOANS: Loan limits are set based upon income. A co-maker may be required. · VEHICLE LOANS: All individuals on the vehicle title must sign the loan agreement. Vehicle loan value must be a minimum of $6,000. We can finance... · 95% of the selling price excluding fees & taxes for new cars. (Manufacturer rebates count toward the 5%. Dealer discounts do not.) · 95% of the N.A.D.A. retail value for 2012, 2011, or 2010 model years. · 90% of the N.A.D.A. retail value for 2009, 2008, or 2007 model years. · 85% of the N.A.D.A. retail value for 2006, 2005, or 2004 model years. · Boats, mobile homes, or motorcycles are not acceptable as vehicle loans. · HOME EQUITY LOANS: All individuals on the deed must sign loan documents. Application fees may apply based on the amount of funds requested (see Rates page). The Credit Union must be the first OR second mortgagee for all home equity loans, so you may wish to pay off an existing mortgage or mortgages. : |
|
Loan Applications |
|
Loans are disbursed by pre-scheduled appointment in our Wilkes-Barre office. For more information, please contact Roger or Linda at You can begin the process by printing out and filling in our application forms. Please note that inaccurate or incomplete applications may result in delays or denials in processing your application. Application for personal or vehicle loans (Adobe Acrobat PDF format) If you are buying a vehicle from a dealer, please ask them to fax the buyer’s order to our office at 570-825-7125. Application for home equity loans (MS Word, requires legal-sized paper) Home equity loans require submission of an application with cover sheet along with a copy of your deed. They take an average of 3 weeks to process due to appraisal, title search, etc. You may return your application to any of our offices, or mail to: U.F.C.W. Local #72 Federal Credit Union P.O. Box 1234 Wilkes-Barre, PA 18703-1234 We will contact you to schedule your appointment. |
|
Home |
|
Services |
|
Rates |
|
Contact Us |
